PubMatic, Inc 8-K, filed Jun 9, 2023
PubMatic, Inc. (PUBM)
8-K
2023-06-09
For: 2023-06-05
View Original
Added on
April 12, 2026
About this 8-K
PubMatic, Inc filed this 8-K on June 9, 2023, reporting on events of June 5, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event Reported): June 5, 2023
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 5, 2023, PubMatic, Inc. (the “Company”) appointed Lisa Gimbel, age 42, as the Company’s Chief Accounting Officer (“CAO”) and principal accounting officer. Ms. Gimbel most recently served as Vice President, Technical Accounting and SEC Reporting for Salesforce, Inc. from February 2022 to June 2023 and as Senior Director, Technical Accounting and SEC Reporting from January 2017 to February 2022. Prior to working for Salesforce, Inc., Ms. Gimbel served as the Corporate Controller for DocuSign, Inc. from September 2014 to January 2017. Ms. Gimbel also served as an Advisor to the SEC Professional Group from January 2017 to February 2022. Ms. Gimbel earned her Bachelor of Science degree in Business Administration and Management from California Polytechnic State University – San Luis Obispo in 2002.
In connection with Ms. Gimbel’s appointment as CAO and principal accounting officer, the Company has entered into an offer letter (“Offer Letter”) with Ms. Gimbel which outlines her compensation terms. Pursuant to her Offer Letter, Ms. Gimbel is entitled to receive an initial annual base salary of $340,000 and a bonus target of $85,000 per annum under the Company’s 2023 Annual Employee Bonus Plan. In addition, the Offer Letter provides that Ms. Gimbel, subject to approval by the Company’s board of directors, will be granted a restricted stock unit award (“RSU”) under the Company’s 2020 Equity Incentive Plan valued at $400,000 in accordance with the Company’s grant valuation procedures at the time of the grant. The RSU has a four-year term with a one-year cliff, and then will vest ratably on a quarterly basis over the remaining three-year period.
There are no arrangements between Ms. Gimbel and any other person pursuant to which she was selected to become the Chief Accounting Officer of the Company. There are no family relationships between Ms. Gimbel and any director or executive officer of the Company, and she does not have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. In connection with her appointment, the Company will enter into its standard form of indemnity agreement with Ms. Gimbel, which is attached as Exhibit 10.1 to the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on November 13, 2020. The above description of the Offer Letter is a summary only. A copy of the Offer Letter will be filed with the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2023.
In connection with the appointment of Ms. Gimbel as the Company’s new CAO, on June 5, 2023, Michael Van Der Zweep, the Company’s Controller and now former principal accounting officer will serve as an advisor during Ms. Gimbel’s transition, after which Mr. Van Der Zweep plans on retiring.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PUBMATIC, INC. | |||||||||||
| Date: June 9, 2023 | By: | /s/ Steve Pantelick | |||||||||
| Steve Pantelick | |||||||||||
| Chief Financial Officer | |||||||||||